Category: Markets

Economic calendar, April 29 – May 3

Rob Williams
TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, APRIL 29
8:30 am Personal income March 0.4% 0.2%
8:30 am Consumer spending March 0.8% 0.1% (Jan.)
8:30 am Core inflation March 0.1% 0.1% (Jan.)
TUESDAY, APRIL 30
8:30 am Employment cost index Q1 0.7% 0.7%
9 am Case-Shiller house price index Feb. — 4.3%
9:45 am Chicago PMI April — 58.7
10 am Consumer confidence index April 126.6 124.1
10 am Pending home sales index March — -1.0%
WEDNESDAY,MAY 1
8:15 am ADP employment April — 120,000
9:45 am Markit manufacturing PMI April — 52.4
10 am ISM manufacturing index April 54.8% 55.3%
10 am Construction spending March -0.2% 1.0%
2 pm FOMC statement 2.25-2.5% 2.25-2.5%
2:30 pm Jerome Powell press conference
Varies Motor vehicle sales April 16.9mln 17.5mln
THURSDAY, MAY 2
8:30 am Weekly jobless claims 4/27 218,000 230,000
8:30 am Productivity Q1 2.8% 1.9%
8:30 am Unit labor costs Q1 0.7% 2.0%
10 am Factory orders March 1.6% -0.5%
FRIDAY, MAY 3
8:30 am Nonfarm payrolls April 190,000 196,000
8:30 am Unemployment rate April 3.8% 3.8%
8:30 am Average hourly earnings April 0.2% 0.1%
8:30 am Advance trade in goods (new date) March $73.0bln N/A
9:45 am Markit services PMI April — 52.9
10 am ISM nonmanufacturing index April 57.5% 56.1%

BAML: Investors boost holdings of U.S. stocks, REITs, healthcare

Rob Williams

Investors bought the October correction and boosted exposure to U.S. and emerging-market stocks, REITs and healthcare. Meanwhile, while their allocation to the global technology industry dropped to the lowest level since February 2009, according to Bank of America Merrill Lynch’s monthly fund manager survey. 

“Ominously, no signs of investor rotation from tech to ‘value,’ i.e. banks, small cap, industrials, EAFE” were seen, according to the report from an analyst team headed by Michael Hartnett, chief investment strategist at the bank.